Calculated accounts - not getting converted to other currencies

Hi All

I have a situation where I try to execute some accounts.

eg:

COST = QUANTITY * PRICE

I input both QUANTITY and PRICE in USD:

$200 = 100 * $2          Calculation1

(Parse1)

It works perfectly.

Simultaneously, I also have a currency conversion which converts values to INR for the above calculation

So the currency conversion is expected to convert:

in INR:                    Calculation2 (to convert to INR)

Rs. 12000 = 100 * Rs 120     (Parse2)

(Parse3)

However, tried all permutations of execution (Calc1 followed by Calc2; and vice versa), I am not able to get the converted value for COST in INR.

Any suggestions what I am missing here?

Thanks

AJ